UBS Maintains Buy on Redwood Trust, Lowers Price Target to $8.5
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Douglas Harter maintains a Buy rating on Redwood Trust (NYSE:RWT) but lowers the price target from $9 to $8.5.

March 05, 2024 | 11:54 am
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NEUTRAL IMPACT
UBS maintains a Buy rating on Redwood Trust but lowers the price target from $9 to $8.5.
While the reduction in price target could suggest a slightly less optimistic outlook on Redwood Trust's future price performance, the maintenance of a Buy rating indicates a continued positive view on the stock's potential. This mixed signal could lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100